E-GhO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
E-GhO
Largest movements
- Cash +€24,513
up €24,513 (+374.3%), from €6,549 to €31,062
mainly Net result for the year (+€11,942) and Tax, wage and social debts (+€7,553)
- Tangible fixed assets -€2,273
down €2,273 (-42.9%), from €5,300 to €3,027
- Deferred charges and accrued income -€1,205
down €1,205 (-75.3%), from €1,601 to €396
- Receivables within one year +€695
up €695 (+6.1%), from €11,478 to €12,173
of which Other amounts receivable: +€1,878
- Profit (loss) carried forward +€11,942
up €11,942 (+98.2%), from €12,167 to €24,109
- Tax, wage and social debts +€7,553
up €7,553 (+298.9%), from €2,527 to €10,080
- Trade debts +€2,505
up €2,505 (+362.9%), from €690 to €3,195
- Gross operating margin +€7,739
up €7,739 (+65.4%), from €11,833 to €19,571
- Taxes +€1,874
up €1,874 (+88.3%), from €2,122 to €3,995
- Depreciation -€294
down €294 (-8.3%), from €3,558 to €3,264
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,929 | €46,658 | +€21,730 | +87.2% |
| Fixed assets | 21/28 | €5,300 | €3,027 | -€2,273 | -42.9% |
| Tangible fixed assets | 22/27 | €5,300 | €3,027 | -€2,273 | -42.9% |
| Furniture and vehicles | 24 | €5,300 | €3,027 | -€2,273 | -42.9% |
| Current assets | 29/58 | €19,628 | €43,632 | +€24,003 | +122.3% |
| Amounts receivable within one year | 40/41 | €11,478 | €12,173 | +€695 | +6.1% |
| Trade receivables | 40 | €11,361 | €10,177 | -€1,183 | -10.4% |
| Other amounts receivable | 41 | €117 | €1,996 | +€1,878 | +1598.9% |
| Cash at bank and in hand | 54/58 | €6,549 | €31,062 | +€24,513 | +374.3% |
| Deferred charges and accrued income | 490/1 | €1,601 | €396 | -€1,205 | -75.3% |
| Total equity and liabilities | 10/49 | €24,929 | €46,658 | +€21,730 | +87.2% |
| Equity | 10/15 | €13,667 | €25,609 | +€11,942 | +87.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,167 | €24,109 | +€11,942 | +98.2% |
| Amounts payable | 17/49 | €11,262 | €21,049 | +€9,787 | +86.9% |
| Amounts payable within one year | 42/48 | €11,262 | €21,049 | +€9,787 | +86.9% |
| Trade debts | 44 | €690 | €3,195 | +€2,505 | +362.9% |
| Suppliers | 440/4 | €690 | €3,195 | +€2,505 | +362.9% |
| Taxes, remuneration and social security | 45 | €2,527 | €10,080 | +€7,553 | +298.9% |
| Taxes | 450/3 | €2,527 | €10,080 | +€7,553 | +298.9% |
| Other amounts payable | 47/48 | €8,045 | €7,774 | -€271 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,558 | €3,264 | -€294 | -8.3% |
| Other operating charges | 640/8 | €461 | €301 | -€160 | -34.7% |
| Gross operating margin | 9900 | €11,833 | €19,571 | +€7,739 | +65.4% |
| Operating profit (loss) | 9901 | €7,814 | €16,006 | +€8,192 | +104.8% |
| Financial income | 75/76B | €1 | €1 | -€1 | -44.0% |
| Recurring financial income | 75 | €1 | €1 | -€1 | -44.0% |
| Financial charges | 65/66B | €192 | €69 | -€123 | -64.1% |
| Recurring financial charges | 65 | €192 | €69 | -€123 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | €7,623 | €15,938 | +€8,315 | +109.1% |
| Income taxes | 67/77 | €2,122 | €3,995 | +€1,874 | +88.3% |
| Profit (loss) for the period | 9904 | €5,501 | €11,942 | +€6,442 | +117.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,501 | €11,942 | +€6,442 | +117.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.